Elmat, <<If inflation destroys, ergo, deflation constructs. Why then the fear of deflation?>>
I am afraid not. Deflation also destroys most and benefits the few, else the 1929 Great Depression would be called 1929 Fantastic Construction ;0)
One should not put one's feet in icy cold water nor boiling hot water, they will hurt, but differently.
... as to <<Countries that could inflate their prices, of the labor, the products, the services, and the gvernment were considered rich>> ... I believe you got the cause and effect backward and upside down, and then viewed by the reflection in the mirror ... else Zimbabwe would be the richest country in the world where its product, platinum, is rising in price, along side its toilet paper, even though it is now cheaper to use its currency as toilet paper, and its product as money :0) |
